The Senate of recent Hampshire rejected a home bill raising taxes and instead offered slot machine gambling as a income to handle the budget shortfall.

The brand new Hampshire Senate beat a looming deadline and approved a bill permitting as much as four casino licenses and as many as 10,000 slot machines for the state. Work at the state budget needed to be finished by midnight last night, just hours after the gambling revenue plan passed.

Authorities have said New Hampshire faces a $300 million budget shortfall by the tip of the bi-annual fiscal period in June 2011. The Senate rejected a home counter-proposal which might cut $181 million from the deficit, instead choosing its expanded gaming plan that's estimated to avoid wasting $283 million.

The House has rejected previous attempts to expand gambling, and prospects for the newest bill are uncertain once it's considered by the home. The Senate bill says $80 million in taxes may well be raised from slot machine gambling in 2011.

“This presents a balanced budget, person who reduces taxes, restores essential services and forestalls downshifts to municipalities and providers,” said state Senator Kathleen Sgambati of the Senate bill.

The bill glided by a 14-10 vote.

The House bill including provisions for raising taxes, while the Senate gambling measure didn't require higher taxes on residents.

Published on May 14, 2010 by PrestonLewis

Read More... [Source: Gambling Bill News]